Coverage
Finnish forestry group UPM-Kymmene reported a 47% drop in third-quarter comparable operating profit, citing weak markets and subdued consumer demand.
UPM-Kymmene will permanently close its paper mill in Kaukas, Finland, and cut 220 jobs, the company said Friday after concluding negotiations with employees.
UPM-Kymmene has agreed to sell a sawmill to Finland's largest private timber producer, Versowood, in a deal aimed at securing wood supplies for its pulp business amid high costs.
Finnish forestry group UPM-Kymmene said Tuesday it has started a strategic review of its plywood business, which could lead to a sale, demerger or an initial public offering of the unit.
UPM-Kymmene is extending a shutdown at one Finnish pulp mill and temporarily closing another, citing challenging market conditions and high raw material costs.
UPM-Kymmene Corporation announced it will discontinue its planned biofuels refinery project at the Port of Rotterdam, halting all engineering work and withdrawing from site commitments.
Filings
| Filing | Date |
|---|---|
| UPM applies for listing of the 2002D sto | 18 Mar 2004 |
| Some 30 Research and Development profess | 18 Mar 2004 |
| UPM's profit and shareholders' equity in | 16 Mar 2004 |
| UPM-KYMMENE'S ANNUAL REPORT PUBLISHED | 16 Mar 2004 |
| Proposal on the composition of UPM's Boa | 1 Mar 2004 |
| UPM FINANCIAL REVIEW 2003 | 29 Jan 2004 |
| Jussi Pesonen appointed as UPM's Preside | 29 Jan 2004 |
| Summons to a general meeting of sharehol | 29 Jan 2004 |
| UPM's non-recurring items in October-Dec | 15 Jan 2004 |
| UPM reserves nearly 29 per cent of the n | 18 Dec 2003 |
| UPM to rebuild PM 6 at the Jämsänkoski m | 18 Dec 2003 |
| UPM renews Executive Team organization | 16 Dec 2003 |